I have been expermenting with this for the past 11000 miles. me too wanted a clean but super quick get away from a stand still. here is what I finally found to be the best.
MDM provides more libral power to rear tires than DSC so you don't get the chacking start but it also prevents excessive spinning. the key is, when you apply the throttle you have to commit to it. if your foot hesistated the car will bog, so just start and keep pushing through the initial bogging. it'll take you several attempts to get it good but again:
D5+MDM+sport plus+commit to throttle pushing through any bogging= quick, no spin, no prerevving launch. this is not the fastest you can get out of your M3 but it is the best you can do from a traffic light.
2011 E92 BatMobile JtBlk/Blk/Blk CF